On average, listings lease in the $70's per square foot per year. The Val Vista Lakes submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $51 per sqft per year. That's a 256% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Val Vista Lakes region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 90 sqft. Most buildings in this market were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Val Vista Lakes folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.